START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

Solar Power of the People, by the People and for the People

Solar Power of the People, by the People and for the People

Tired of playing the stock market? Wish you were in a position to invest in things that really matter, instead of just another bloated corporation? That alternative may finally be here.

Mosaic first made waves a few years ago with a platform to help communities crowdfund their own renewable energy projects. The idea, which we reported on here, was a solid one. The only problem was a limited number of projects and the fact that contributors didn’t see any return on their investment, besides a sense of community and personal satisfaction. It was kind of like when you donate to a Kickstarter campaign and just get a thank you note in return.

Just last week, the company made headlines again. This time, Mosaic announced that they were taking their crowdfunding investment scheme public. Anyone living in New York or California, or “accredited investors” living in other states, is invited to contribute what money they can, just like a typical crowdfunding campaign. The difference is, every cent contributed will be used to construct large scale solar projects across the nation, and the revenues are used to pay investors a handsome rate of interest.

“We see a massive transition coming from fossil fuels to clean energy, and we think people should be able to profit from that transition,” said Billy Parish, Mosaic’s President. “Mosaic is creating the architecture for mass participation in the clean energy economy.”

It’s hard to disagree with him. Why should venture capitalists and energy companies be the only ones to benefit from the efficiencies of solar, wind and other forms of renewable energy? Also, why should we wait for them to decide it’s time to invest? Solar Mosaic’s public investment program puts the power to move forward on commercial scale solar into the hands of ordinary people like you and me.

The new online platform for investors opened on January 7th. Within 24 hours the first four projects were completely sold out, i.e. funded. Can you imagine getting funding from a bank or private investor that quickly? Over 400 investors took advantage of the opportunity, putting in between $25 and $30,000. In total, investors put in over $313,000 with an average investment of nearly $700. Unfortunately, I’m not a resident of the two qualifying states. If I were, it’d be no problem to scrape together $25 to help build a solar farm. And if I kept reinvesting it, that $25 could grow into much more with out a lot of effort on my part.

Mosaic’s first investment offerings for New York and California residents are in solar projects on affordable housing apartments for low-income residents in California and offer a 4.5 percent annual return, net of servicing fees, with terms of approximately nine years. With 10 year Treasuries at near historic lows, Mosaic’s expected yields are competitive with the best investment products on the market. And there’s no scary investment firm or high priced broker involved. It’s just you, your laptop and a few easy clicks.

 

Related Reading:

Are Industrial-Scale Solar Farms Bad For The Environment?

3 Solar Financing Options Most Americans Don’t Know About

Spinach-Based Solar Cells Pack A Powerful Punch

 

Read more: , , , , , ,

Image via Thinkstock

have you shared this story yet?

some of the best people we know are doing it

123 comments

+ add your own
2:05PM PST on Feb 19, 2014

This economy is really scary. Our family has been making some changes this past year. We decided to get rid of some our luxury expenses like our boat and the RV, but when we went to sell them, there wasn't much of a market. Guess everyone else is thinking the same thing we are. We found an organization called charity boats http://www.charityboats.org/boatdonations.html. They helped us through every step and made sure we got our tax deduction receipts really quickly. Really an awesome organization.

3:21AM PST on Feb 16, 2014

Thank you

9:24AM PST on Jan 31, 2014

Solar power is the future, and along with wind and geothermal power, will replace dirty fossil fuels soon.

6:10AM PST on Dec 30, 2013

Solar Power of the Anteaters, by the Anteaters and for the Anteaters!

7:10PM PDT on Sep 30, 2013

seriously ?????......"yields are competitive with the best investment products on the market".....is simply not true. I have no problem with the concept, but please at least be honest with people about what they are getting.........a decent investment at best, if all works out....and no guaranty that it will not go totally south.

3:44PM PST on Mar 6, 2013

Thank You Beth Buczynski !

5:47AM PST on Feb 11, 2013

Great.Thanks for sharing

1:51AM PST on Jan 29, 2013

Solar panels are now being developed more efficiently for input but also on the cost of production, so the future should see even more of them even in predominantly cloudy countries,

7:05PM PST on Jan 25, 2013

i cannot wait for this to be cheap enough and powerful enough to take my house off the grid, also cannot wait to have a solar powered car that is actually worth owning

1:11PM PST on Jan 25, 2013

If you choose to go solar, make sure you have the ability to disconnect from the grid and let your solar system provide the power you use.
Better yet, the solution is for each family to use the power they generate to charge batteries, the home runs on batteries and the residual is sold back to the power company. When drawing power, draw power to charge the batteries.
The way it is now, we pay the power companies to use our power and to sell it back to them.

add your comment



Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

ads keep care2 free

meet our writers

Beth Buczynski Beth is a freelance writer and editor living in the Rocky Mountain West. So far, Beth has lived in... more
Story idea? Want to blog? Contact the editors!
ads keep care2 free



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.